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Revenue bonds are a liability limited to the pledged revenue. The issuer is thus not obligated _________ to repay the debt.
Suggested Answer: C
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27 comments · newest first
SH
Shawnna
10 months ago
Nope, it's A for sure!
EL
Elenore
11 months ago
Wait, are you saying they don't have to levy taxes? That seems odd.
AR
Ardella
11 months ago
Both of these sounds like a safe bet.
YV
Yvonne
11 months ago
I think B could also be a contender.
GE
Gerald
11 months ago
A is definitely the right choice!
DO
Dolores
12 months ago
I thought it was D because it seems like they have some obligations, but now I'm not so sure.
JO
Jolanda
12 months ago
I practiced a similar question, and I believe the answer is A. They can't levy taxes for revenue bonds, right?
CA
Casandra
12 months ago
I'm a bit unsure, but I think the issuer isn't obligated to use general fund revenues either. Maybe it's both options?
JA
Jacquline
1 year ago
I remember studying that revenue bonds are tied to specific revenue sources, so I think they don't have to levy taxes to repay them.
WH
Whitney
1 year ago
I'm a little confused by the wording of this question. Does "not obligated" mean the issuer can't use those sources, or just that they don't have to? I'll have to re-read the question a few times to make sure I understand it before answering.
JO
Joseph
1 year ago
Okay, I've got this. Revenue bonds are not backed by the full faith and credit of the issuer, so the issuer is not obligated to use taxes or general fund revenues to repay the debt. The correct answer must be D, "None of these."
CA
Casey
1 year ago
Hmm, I'm a bit unsure about this one. I know revenue bonds are different from general obligation bonds, but I can't quite remember the details. I'll have to think it through carefully before selecting an answer.
AL
Alease
1 year ago
This question seems straightforward. I think the key is understanding that revenue bonds are limited to the pledged revenue, so the issuer is not obligated to use other sources like taxes or general fund revenues to repay the debt. I'll go with option B.
RE
Ressie
1 year ago
I remember we discussed how using shared libraries can really help keep our Declarative Pipelines clean and maintainable. I think option C might be one of the right answers.
TI
Tiera
2 years ago
C, both A and B. The issuer is not obligated to use either taxes or general fund revenues. They're practically free to do whatever they want, right?
JE
Jennie
2 years ago
D, obviously. Revenue bonds don't touch the general fund or taxes. That's like using a water gun to put out a forest fire.
GA
Gail
2 years ago
D) None of these
JA
James
2 years ago
C) Both of these
LA
Lanie
2 years ago
B) General fund revenues
KA
Karima
2 years ago
A) Levy taxes
RU
Rutha
2 years ago
A? Levy taxes? That's like asking a toddler to pay off a mortgage. Come on, this can't be that easy!
LO
Louvenia
2 years ago
B) General fund revenues
PA
Paz
2 years ago
C) Both of these
TR
Troy
2 years ago
A) Levy taxes
AY
Ayesha
2 years ago
I see your point, Nida. But I think the answer is B) General fund revenues because revenue bonds are not backed by the general fund.
NI
Nida
2 years ago
I disagree, I believe the answer is C) Both of these because revenue bonds are specifically tied to pledged revenue.
RO
Rosio
2 years ago
I think the answer is A) Levy taxes.